Rachel Reeves was swiftly dismissed with just two words as GB News cut to a breaking update. Presenters Stephen Dixon and Ellie Costello halted the programme to announce that the UK economy grew by 0.1% in August.
Data from the Office of National Statistics (ONS) shows that the UK economy grew after dipping in July. Despite the positive figure, Economics expert Justin Urquhart Stewart noted that it barely counts as growth.
He declared: "0.1. It's not!" as Stephen agreed: "It's nothing."
Stewart joked that it was a "rounding error" before outlining what the Chancellor must prioritise ahead of the Autumn Budget.
He said: "What she's now got to do is realise it ain't growing. She's got to roll back on the budget and say, 'There's a big hole and I'm going to make a big difference. We're going to go back and restructure it all and get the bad news out the way.'"
Stewart claimed the Chancellor needs to "give herself room" for the next few years. Asked what the politician needs to do, the expert explained: "She needs to say the costs are going to be higher, the growth is going to be low, inflation is higher.
"The growth figures around the world, we're doing better but this is a snail's race. Also she needs to focus on the positive areas, where the growth areas are and they're there. But mind you, from this government at the moment you wouldn't know."
Although the figure is modest, it offers the Chancellor a small degree of reassurance after a week where the International Monetary Fund (IMF) warned that UK inflation is projected to rise to the highest level in the G7 in both 2025 and 2026.
Reeves was in Washington yesterday, where she is believed to have promoted the UK as a stable and reliable destination for investors and businesses during meetings with the IMF and the World Bank.
Ahead of the journey, she said: "Our Plan for Change is delivering national renewal built on the rock of economic stability - the foundation for more security, more respect and more opportunity for every part of the UK.
"In Washington I will showcase Britain's commitment to fiscal responsibility - while creating the conditions to boost productivity, attract investment and secure our place as a strong and credible partner in a stable global economy."
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